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Retail Property (high street) for sale

241-243 Soho Road Handsworth Birmingham B21 9RY

Sold by Us £1,800,000
8,890 sq. ft.

Property Description

Commercial information

  • 8,890 sq ft (825 sq m)

Key features

  • Freehold
  • High Specification Throughout
  • Modern Retail Premises
  • High Street Location
  • Freehold

Full description

Location

The property is located within the busy suburb of Handsworth, approximately 2.5 miles west of Birmingham City Centre and 2 miles east of J1 M5.

The premises are predominantly situated in the centre of the Soho Road retail area fronting the main A41 Soho Road.

The Soho Road is a busy retail location with a mix of local and national occupiers mainly catering for the local Asian community.

Description

The property comprises a modern retail premises having recently been converted to provide high quality accommodation throughout.

The building is currently configured to provide two retail units on the ground floor with lift access to the first floor providing further retail and office space.

Accommodation

Unit A  490 ft2   45.52 m2 
Unit B  7,000 ft2  650.31 m2
Unit C 
1,400 ft2  130.06 m2
 Total (NIA)  8,890 ft2  825.90 m2

Tenancies

The property with be sold with the benefit of vacant possession save for Unit A which is let on a new lease to Preet Enterprises Limited for a term of three years at £18,000 per annum exclusive with 10% increases every year.

Price/ Tenure

The property is available to purchase with offers in excess of £1,800,000 sought for the freehold interest.

VAT

We understand that VAT is not payable on this sale.

Services

It is understood that all mains services are available on or adjacent to the premises.

The agents have not tested the services and parties are advised to make their own enquiries regarding the adequacy and condition of these installations.

Planning

We understand that the unit has planning permission under use classes A1 (Retail).

The property may be suitable for other uses subject to obtaining the necessary planning consent.

Legal Costs

Each party are to be responsible for their own legal fees incurred.

Energy Performance Certificate

Available upon request from the agent.

Availability

The property is available immediately, subject to the completion of legal formalities.

Viewings

Strictly via the sole selling agent Siddall Jones on 0121 638 0500


More information from this agent

Map & Street View

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